The Pandemic Crushed These 2 Stocks. They're Bouncing Back Monday
The stock market has been somewhat choppy in September, a month that has a reputation for poor performance on Wall Street. Some of the ambivalence investors are feeling showed up in how major market benchmarks did. On the positive side, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 241 points to 35,040 as of 10:45 a.m. EDT. The S&P 500 (SNPINDEX: ^GSPC) managed to rise a single point to 4,456, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved lower by 71 points to 14,977.
The COVID-19 pandemic had a huge negative impact on stocks throughout the market, and some sectors in particular have taken a long time to recover. However, cruise ship operator Carnival (NYSE: CCL) and energy giant Occidental Petroleum (NYSE: OXY) both moved higher on Monday morning, and that signals rising investor confidence that the two companies could finally be on their way toward a full recovery.
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Source Fool.com
